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Saturday, May 19, 2018

Military

The Ruinously Expensive American Military


From youtube.com: Trump, joint chiefs have very different views {MID-293250} Today's United States has 2,083,000 soldiers, sailors, marines and airmen on active duty plus reserves. Now that the military is an all-volunteer rather than a conscript force, it is understandable that pay and benefits should be close to or equivalent to civilian pay scales. Currently, a sergeant first class with 10 years in service gets paid $3,968 a month. A captain with 10 years gets $6,271. That amounts to $47,616 and $75,252 a year respectively plus healthcare, food, housing, cost of living increases and bonuses to include combat pay.
Though there are several options for retirement, generally speaking a soldier, sailor Marine or airman can retire after 20 years with half of his or her final "high three" pay as a pension, which means an 18-year-old who enlists right out of high school will be 38 and if he or she makes sergeant first class (E-7) he or she will be collecting $2,338 a month or more for a rest of his or her life adjusted for cost of living,
Many Americans would be astonished at the pensions that general officers and admirals receive, particularly since 80% of them also land in "retirement" generously remunerated positions with defense contractors either in active positions soliciting new contracts from their former peers or sitting on boards.

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